Mumbai for the last many decades been plagued with issues of severe congestion and traffic. Traffic congestion, transportation issues in the city Mumbai are complex, primarily because of the population density, limited land for development and inadequate transport infrastructure. Other issues such as narrow streets, illegal hawking and unlawful expansion by shops have impacted the city's traffic for years. The plan would seek to solve all that, CM Devendra Fadnavis saidAnirban Chowdhury | ET Bureau | February 16, 2016, 11:30 IST

Govt needs about Rs 4 lakh crore, including borrowings of about Rs 1.53 lakh crore, in the next four years to complete stalled highways projects under its flagship road building programme.MUMBAI: The Maharashtra government has drawn up a Rs 4 lakh crore investment plan for a "comprehensive mobility plan for Greater Mumbai", that would overhaul the current transportation network in the city and create seamless connectivity between various modes of transport.

"We had the plan for sometime but now it has been upgraded," Maharashtra Chief Minister Devendra Fadnavis said at a press conference at the Make In India summit organised by the state government.

Mumbai for the last many decades been plagued with issues of severe congestion and traffic. Traffic congestion, transportation issues in the city Mumbai are complex, primarily because of the population density, limited land for development and inadequate transport infrastructure. Other issues such as narrow streets, illegal hawking and unlawful expansion by shops have impacted the city's traffic for years. The plan would seek to solve all that, Fadnavis said.

He added that the government has received proposals from several Chinese banks to put money into the project for 30 years.

Fadnavis said that for the past decade or so, the infrastructure growth in the state did not match its economic growth.

"Other states raced ahead at the expense of Maharashtra. But now 954 projects have been cleared in the last 18 months, which calls for an investment of Rs 6.54 lakh crore including the new international airport at Navi Mumbai, the trans harbour link, investment in four ports and building more than 20 smart cities in Navi Mumbai which are larger than the main city.

Out of this, Rs 35,500 crore is to be spent to expand JNPT, Bombay Port Trust and Wadhwan Port.

The Maharashtra government will also build a communication highway connecting Nagour to Mumbai which will connect 14 districts betwen Mumbai and Nagpur to the two ports in Mumbai. Goods from seven of these districts can be transported in eight hours and from the rest of the districts in 4 hours.